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How Fast Is The Veterinary Parasiticides Market Expected to Grow Between 2025 And 2029?

The market size of veterinary parasiticides has seen a substantial increase in past years. Its growth is projected to surge from $14.93 billion in 2024 to $15.85 billion in 2025, experiencing a compound annual growth rate (CAGR) of 6.1%. The significant growth during the historical period can be credited to heightened awareness of animal health, livestock production, the rise in pet ownership, and zoonotic diseases.

What Growth Rate Is Anticipated for the Veterinary Parasiticides Market in the Coming Years?

In the coming years, the market size of veterinary parasiticides is poised for robust growth, projected to reach a massive figure of $20.57 billion in 2029 with a compound annual growth rate (CAGR) of 6.7%. Factors contributing to this surge during the forecast period include global food security, rising zoonotic threats, care for companion animals, and alterations in the environment. The periods’ crucial trends involve concerns related to zoonotic diseases, innovations in controlling fleas and ticks, safety precautions concerning parasiticides, and environmental apprehensions, along with revolutionary delivery methods.

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Who Are the Leading Companies in the Veterinary Parasiticides Market?

Major companies operating in the veterinary parasiticides market include Bayer AG, Zoetis Inc., Boehringer Ingelheim, Merck & Co. Inc., Eli Lilly and Company, virology and bacteriology, Ceva Animal Health, Merial Inc., Perrigo Company, Vetoquinol India Animal Health Pvt Ltd., Intas Pharmaceuticals Ltd., Perrigo Company, Eli Lilly and Company, Dechra Pharmaceuticals plc, Lillidale Ltd., Phibro Animal Health Corporation, Bovian Health Care Pvt. Ltd., Sanofi SA, Novartis AG, Oceanic Pharmachem, IDEXX Laboratories Inc., Covetrus Inc., Norbrook Laboratories Limited, Bimeda Holdings PLC, PetIQ Inc., Heska Corporation, Neogen Corporation, Kyoritsu Seiyaku Corporation, Nexvet Biopharma plc, Kepro Technologies Private Limited, ECO Animal Health Group plc, Bioniche Animal Health Canada Inc., Bioiberica S.A., Laboratorios Hipra S.A., Norbrook Laboratories Limited

What Are the Key Drivers of the Veterinary Parasiticides Market?

The impact of zoonotic pathogens on animals has been on the rise, making them the top contributors to global foodborne diseases. Bacteria, viruses, and parasites like Salmonella and Campylobacter are attributed to zoonotic diseases, which can be passed from animals to humans either directly or indirectly. This transmission via the food chain presents a significant risk to humans, highlighting the importance of disease prevention in animals. For example, the European Union’s Italy-based agency, the European Food Safety Authority (EFSA), reported in December 2022, that in 2021, Campylobacteriosis remained the most prevalent zoonotic disease, with 127,840 recorded cases. Chicken and turkey meat were the main sources. Salmonellosis ranks second among reported zoonoses, impacting 60,050 people. Therefore, the need to control these infections in animals propels the veterinary parasiticides market.

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What Are the Key Market Segments in the Veterinary Parasiticides Industry?

The veterinary parasiticides market covered in this report is segmented –

1) By Type: Endoparasiticides, Ectoparasiticides, Endectocides

2) By Product: Oral Liquids, Tablets, Injectables, Sprays, Other Products

3) By Application: Farm Animals, Companion Animals

4) By End Users: R&D Facilities, Farms, Veterinary Clinics

Subsegments:

1) By Endoparasiticides: Anthelmintics (Dewormers), Antiprotozoals, Anticestodals, Antitrematodals

2) By Ectoparasiticides: Insecticides, Acaricides, Repellents

3) By Endectocides: Ivermectin-based Products

What Are the Latest Trends in the Veterinary Parasiticides Market?

The use of chewable tablets to safeguard animals from afflictions such as ticks, worms, fleas, and others is on the rise. These treatments are more straightforward to give. The chewable tablets come in two versions: a beef-flavored tablet or a soft chew. Take for example the IVERHART MAX chewable tablets which act as a shield for dogs from the four dominating worms: heartworms (an infection triggered by a mosquito bite), roundworms, hookworms (targets the intestines), and tapeworms (stemming from intaking an infected flea). These progressive advancements in technology are providing powerful propulsion for the growth of the veterinary parasiticides market.

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What Are the Key Regional Markets in the Veterinary Parasiticides Industry?

North America was the largest region in the veterinary parasiticides market in 2023. Asia-Pacific was the second-largest region in the veterinary parasiticides market. The regions covered in the veterinary parasiticides market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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This Report Delivers Insight On:

1. How big is the veterinary parasiticides market, and how is it changing globally?

2. Who are the major companies in the veterinary parasiticides market, and how are they performing?

3. What are the key opportunities and risks in the veterinary parasiticides market right now?

4. Which products or customer segments are growing the most in the veterinary parasiticides market?

5. What factors are helping or slowing down the growth of the veterinary parasiticides market?

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